Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    34755 Hannibal Road Fulshear, TX 77441

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $5,050,000

    44-acre horse ranch less than an hour from Houston.

    Property size:
    4,213 SF
    Added:
    Jun 9, 2025
    Days on Market:
    297
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 34755 Hannibal Road

    General Information

    Standard status
    Active
    Size
    4,213 SF

    Building Details

    Year Built
    2006

    We can help!

    Listing Contact
    KATHERINE GIBSON

    Listing agent KATHERINE GIBSON License #0600686

    Listing office REPUBLIC RANCHES, LLC

    Listing date Jun 9, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of REPUBLIC RANCHES, LLC

    Overview

    Rocking P Ranch Near Houston

    Rocking P Ranch, located less than an hour's drive from Houston, encompasses 44 acres of countryside. The property is designed as a retreat for horse enthusiasts and includes equestrian-focused improvements. The ranch offers a balance between rural serenity and city convenience. The property may be available in 2 tracts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Gym & Fitness Center Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fulshear
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.965
    Latitude
    29.7021

    Nearby Similar for Sale

    • $4,800,000
      4,213 SF

      Rocking P Ranch Equestrian Retreat

      44-acre ranch near Houston, ideal for horse enthusiasts.
      34755 Hannibal Road, Fulshear, TX 77441
      View Details
    • $3,960,000
      7,200 SF

      Retail Space For Sale

      Retail space available for purchase.
      2945 FM 1463, Fulshear, TX 77441
      View Details
    • Contact for pricing
      9,923 SF

      Retail Development Near Future H-E-B

      Retail development with pad sites and multi-tenant retail space.
      NEC Texas Heritage Pkwy & Jordan Crossing Blvd, Fulshear, TX
      View Details
    • Contact for pricing
      16,971 SF

      New Retail Center For Sale

      New Class A retail center in fastest growing Texas city.
      28840 FM 1093, Fulshear, TX 77441
      View Details
    • Contact for pricing
      1,924 SF

      Retail Space in Growing Area

      Second-generation retail space available in Fulshear, TX. Delivery Q3 2025.
      5810 FM 1463, Fulshear, TX
      View Details
    • Contact for pricing
      11,200 SF

      Retail Opportunity Near Cross Creek

      Retail space near Cross Creek Ranch with high traffic volume.
      Fm 1093 Road, Fulshear, TX
      View Details

    FAQs

    What type of property is this?
    Horse & equestrian property - 44-acre horse ranch less than an hour from Houston.
    Where is this horse & equestrian property located?
    The property is located at 34755 Hannibal Road Fulshear, TX.
    What is the asking price?
    The asking price for this property is $5,050,000.
    What are key features of this property?
    This property features: 44‑acre ranch ideal for horse enthusiasts.; Equestrian‑focused improvements.; Less than an hour's drive from Houston.
    (713) 304-5257
    We can help!
    Listing Contact
    KATHERINE GIBSON
    Real Estate License ID: 0600686
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!